PPP Archive
Does the IRS consider interest on a home equity line of credit deductible as a second mortgage?
May 28, 2021
No Comments
TweetShareSharePin0 Shares Does the IRS consider interest on a home equity line of credit deductible as a second mortgage? Source: Flickr The home equity line of credit of an individual is considered to be deductible as a second mortgage for many people, but there are a number of considerations that need to be adhered to
Battling the IRS
May 28, 2021
No Comments
TweetShareSharePin0 Shares Battling the IRS Source: Flickr There was once a song about battling the law and losing. Fortunately, battling the IRS is possible and sometimes inevitable. Battling the IRS There comes a time when many Americans must take action against the IRS. The IRS can come down swiftly and without mercy against taxpayers for
Taxes Q&A: Understanding What Is And Is Not Taxable
May 27, 2021
No Comments
TweetShareSharePin0 Shares Taxes Q&A: Understanding What Is And Is Not Taxable Source: Flickr * Is Social Security retirement income taxable? Social Security retirement benefits are taxable, although it depends on your total income and civil status. Federal law states that an individual must pay taxes if he/she has annual Social Security retirement income of more
Hiring an IRS Dispute Lawyer
May 27, 2021
No Comments
TweetShareSharePin0 Shares Hiring an IRS Dispute Lawyer Source: Flickr Most people would probably break a cold sweat just by the mere mention of the IRS. Admittedly, dealing with an IRS agent can be one of the most absolutely terrifying experiences in an ordinary individual’s life. So what would you do if a ferocious IRS agent
The Legal Procedure Of Wage Garnishment
May 26, 2021
No Comments
TweetShareSharePin0 Shares The Legal Procedure Of Wage Garnishment Source: Flickr A legal procedure, in which some portion of a person’s earning is required to be withheld by an employee for the payment of the debt, is called as wage garnishment. Most of these garnishments are made by court orders. There are some other legal procedures
‘Help The Court Has Seized My Assets’ – Garnishment In Law And Practice
May 26, 2021
No Comments
TweetShareSharePin0 Shares ’Help The Court Has Seized My Assets’ – Garnishment In Law And Practice Source: Flickr A court order that seizes assets from the defendant to pay off a debt is known as Garnishment. One form of garnishment is automatic withholding of the debtor’s wages. When a creditor fails to satisfy the debt taken,
Helping Working Families with the Earned Income Tax Credit
May 25, 2021
No Comments
TweetShareSharePin0 Shares Helping Working Families with the Earned Income Tax Credit Source: Flickr In the past, clients of NORWESCAP’s Family Self-Sufficiency program in Morris County, NJ have used the tax return they received through the Earned Income Tax Credit (EITC) for a down payment on a car, a security deposit on an apartment or to
The IRS Levy And Legal Powers Of Garnishment Defined
May 25, 2021
No Comments
TweetShareSharePin0 Shares The IRS Levy And Legal Powers Of Garnishment Defined Source: Flickr IRS garnishment refers to the notice issued by the IRS department to withhold all or some part of the money to the court or to the person who has won the lawsuit to claim the money. The IRS garnishment is limited by
Internal Revenue Service
May 24, 2021
No Comments
TweetShareSharePin0 Shares Internal Revenue Service Source: Flickr The Internal Revenue Service, often known simply as the IRS, has been in place since 1862. While it has done many great things for the country it also gets a bad rap. People don’t like paying in taxes and they certainly don’t like the idea that they
The Most Feared Government Institution
May 24, 2021
No Comments
TweetShare1SharePin1 Shares The Most Feared Government Institution Source: Flickr To even mention the name of this government institution can set off waves of anxiety and stories of abuse and persecution that is unheard of for virtually any other governmental body in this country. It’s really amazing the ability of three little words to instill fear
